“approved trustee company” means a trustee company which is approved by the Minister or such person as he may appoint under section 43J of the Act;
[Deleted by S 315/2012 wef 01/09/2007]
“designated investments” has the same meaning as in the Income Tax (Exemption of Income of Non‑residents Arising from Funds Managed by Fund Manager in Singapore) Regulations 2010 (G.N. No. S 6/2010), with references to “prescribed person” therein modified to refer to “approved trustee company”;
[S 315/2012 wef 01/09/2007]
“designated person” has the same meaning as in the Income Tax (Exemption of Income of Non‑residents Arising from Funds Managed by Fund Manager in Singapore) Regulations 2010;
[S 315/2012 wef 01/09/2007]
“foreign account” has the same meaning as in section 13O of the Act;
[S 546/2007 wef 18/02/2005]
“foreign bond or loan stock issues” means any bond or loan stock issued by a person not resident in Singapore (but excluding its permanent establishment in Singapore) or by a permanent establishment outside Singapore of a person resident in Singapore in respect of any business carried on outside Singapore through that permanent establishment, where —
(a)
the bond or loan stock is denominated in currencies other than Singapore dollars;
(b)
the proceeds of the bond or loan stock issue are to be used outside Singapore; and
(c)
the expenses incurred in respect of the bond or loan stock issue are not borne, directly or indirectly, by a person resident in Singapore or a permanent establishment in Singapore;
“foreign mutual fund corporation” means a mutual fund corporation where not more than 20% (excluding the total percentage held directly by designated persons) of the total number of its issued shares are beneficially held, directly or indirectly, by persons who are not foreign investors referred to in paragraph (a) or (b) of the definition of "foreign investor"” in regulation 2 of the Income Tax (Income from Funds Managed for Foreign Investors) Regulations (Rg 8);
[S 349/2003 wef 23/07/2003]
[S 93/2006 wef 30/01/2006]
“mutual fund corporation” means a collective investment scheme or closed-end fund as defined in section 2 of the Securities and Futures Act (Cap. 289) that is constituted as a corporation;
[S 349/2003 wef 23/07/2003]
“philanthropic purpose trust” has the same meaning as in section 13O of the Act;
[S 546/2007 wef 18/02/2005]
“relevant foreign trust” means a foreign trust as defined in regulation 2A of the Income Tax (Exemption of Income of Foreign Trusts) Regulations (Rg 24), other than a unit trust referred to in paragraph (1)(b) of that regulation;
[S 349/2003 wef 23/07/2003]
“unit trust” means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.